The global metal cutting tools market is expected to register a CAGR of 6.73 % from 2022 to 2030.

Pune, India, Nov 22, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on the Global Metal Cutting Tools Market.

Market Research Future Insights
 
One of the key factors fueling the expansion of the metal cutting tools market globally is the significant increase in the usage of industry 4.0. In both developing and developed nations, such as India, China, Brazil, the U.S., the U.K., Mexico, and Canada, rapid industrialization and urbanization have boosted the growth of several industries, including the metal, manufacturing, and aerospace & defense sectors, which has increased demand for metal cutting tools over the forecast period.
 
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Metal Cutting Tools Market Research Report

Regional Analysis

 
The largest and fastest-growing metal casting market is expected to be in Asia-Oceania during the forecast period. During the current review period, the market is anticipated to achieve dominance in terms of volume and value. In the next eight years, the metal cutting tools market in the Asia-Oceania area is most expected to prosper. The primary cause of the development is the rise in the production of passenger cars and electric vehicles to meet the region's growing demand for both.
 
Market Segmentation

The metal cutting tools market is segmented based on tool type, material type, and application. The tool type is further divided into indexable inserts and solid round tools. Whereas, based on material type, the sub-segmentation is cemented carbide, high-speed steel, stainless steel, ceramics, polycrystalline diamond, cubic boron nitride, and exotic materials. Based on application, the market is further divided into automotive, aerospace & defense, construction, electronics, oil & gas, power generation, wood, and dye and mold.
 
Key Players

• Hartmetall-Werkzeugfabrik Paul Horn GmbH (Germany)


• Zhuzhou Cemented Carbide Cutting Tool Co. Ltd (ZCCCT) (China)


• Kennametal Inc. (US)


• OSG Corporation (Japan)


• ISCAR LTD (Israel)


• MAPAL Dr. Kress KG (Germany)


• Makita Corporation (Japan)


• Robert Bosch GmbH (Germany)


• Stanley Black & Decker Inc. (US)


• Klein Tools Inc. (US)


• ICS Cutting Tools Inc. (US)


• Snap-on Incorporated (US)


• Hilti Corporation (Schaan Liechtenstein)


• Sandvik AG (Sweden)


• Ingersoll Cutting Tools (US)


• FRAISA SA (Switzerland)


• KYOCERA Cutting Tools Group (Japan)


• Asahi Diamond Industrial Co. Ltd. (Japan)


• J SCHNEEBERGER Maschinen AG (Switzerland)


• Vollmer (Germany)


• CERATIZIT Group (Luxembourg)


• Koki Co. Ltd. (Japan)